Economic Development

City Planning

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Mayor Hancock Outlines Structural Financial Task Force Next Steps

DENVER—Mayor Michael B. Hancock today outlined the next steps he will take regarding recommendations recently presented to him by the Structural Financial Task Force (SFTF).

“We are extremely thankful for the work of the Structural Financial Task Force and the bold ideas they’ve presented,” said Mayor Hancock. ”My team and I have already started reviewing the recommendations and have outlined a robust process for engaging city workers and Denver’s residents.”

Mayor Hancock has directed key administration officials to take a deeper look at the menu of recommendations from the report and to determine which combination of ideas is best to move the city forward. He also has invited City Council members to join this effort.

A rigorous public engagement process will begin in mid-March and will consist of two open meetings with city employees and two open meetings with the general public. In addition, input will be accepted via the City’s website (www.denvergov.org) beginning in the first week of March.

The public engagement component will educate city employees and the general public about the City’s structural budget imbalance and the solutions proposed by the Structural Financial Task Force, and provide valuable input that will help inform the Mayor’s decisions and actions.

In addition, key business and community leaders have been asked to review the recommendations and provide input. The Mayor will also use information gathered from ongoing neighborhood efforts, including the recently launched Cabinet in the Community meetings. The Mayor is expected to announce decisions in mid-April.